Out of total 6 lakh unit ordinary shares, 9,300 units have been issued to the employees whereas 5% i.e. 30,000 units have been issued to the mutual funds. Remaining 5,60,700 units will be issued for the general public.

NIBL Ace Capital has been appointed as the issue manager for the IPO issuance.

As per the information received, more than 2.73 lakh applicants have applied for 1.71 crore units making the issue to be oversubscribed by about 30.50 times. About 80% of the total applicants will go empty handed during the allotment.